The Ethereum price has started to increase and is aiming to surpass the $3,900 resistance zone. It has remained stable above $3,500 and has climbed above the $3,650 and $3,720 resistance levels. There was a break above a bearish trend line and the price even spiked above the $3,800 resistance zone. However, it is currently facing hurdles near the $3,850 level. The first major resistance is at $3,890, and the main resistance is forming near $4,000. If it fails to clear the $3,890 resistance, it could start another decline. The major support levels are at $3,750 and $3,650. The MACD and RSI indicators are both showing bullish signals.
- Content Editor ( newsbtc.com )
- 2024-12-12
Ethereum Price Preps for Breakout: Will Bulls Drive a Massive Upswing?